Saturday, 23 May 2015
Last updated 18 hours ago
Nov 20 2012 | 2:01pm ET
Matterhorn Investment Management will launch an emerging-markets hedge fund focused on Southeast Asia early next year.
The London-based firm aims to raise US$30 million for the vehicle, which will invest primarily in Indonesia and the Philippines. In particular, it will focus on banking, consumer and infrastructure opportunities in the region, The Wall Street Journal reports.
"I have seen absolutely enormous change," Paul Bate, founder of the US$400 million firm, said. "There are a very large number of companies that have very good prospects because it is such an early stage and they have so much more growth to go."
"Valuations are full for the well-known stock," he continued, "but there are plenty of slightly less-well-known stocks where their growth in not priced in."
Bate said government spending on infrastructure and the region's "very strong banking system" are key opportunities.
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…